Finally in Contract

[Chris Vail]

Hello BP,

  I am happy to say that I finally have an accepted offer on my first rental property purchase.  This property will not conform to most of the rules out there in BP, however I feel it works for me and my situation out here in Sacramento.

I have had both the Wood destroying pest inspection (came back clean aside from a few dry rot locations which I already knew about), and a home inspection (also came back clean aside from some of the know issues before the inspection).

I am hoping some of the other Sacramento Investors / Landlords 

@Al Williamson , @David Hutson , @Dennis Lanni  can give me some insight into the forms that you use for tenant screening, leases, and general info on what you do to get a rental up and running in our Sacramento Market.  Also if there are any contractors that tend to be 

And a big thank you for all that have helped me in some way along the beggings of this journey. 

[David Hutson]

@Chris Vail 

Congrats, great to hear you took the leap. 

I use the California Apartment Association forms.  Their packet has the applications, lease, and all of the addenda needed.  It's about $65 for a packet with two sets.  The packet has all the required forms for California and they have all had a legal review.  They also update the packet each year to add or subtract forms as needed.

As for contractors, your text cut off.  It looks like you may be looking for some.

I am like Dennis.  I slightly undercut rents or slightly overimprove my house with market rents and rarely raise rents unless the tenants give me a reason. 

No matter what you do ensure to screen the tenants thoroughly if you are doing the rent up yourself.  That is what will make or break you.  You need to search for great qualifying, long term tenants.  You can't always tell who those will be but if you take the time to screen them and discuss why they are moving, why are they wanting to live in your area, how long are they looking to stay in your home...... and the list goes on.  You can't discriminate but you can be very throrough and ask a lot of questions.

Message or call me if you have any questions.